31 December 2012
Every person irrespective of status is liable to pay service tax if providing any taxable service. • Small Service Providers are exempted from service tax where value of taxable service does not exceed Rs. 10 Lakhs in the previous financial year. • Central Government can grant exemptions to certain services wholly or partly. Accordingly certain exemptions are granted by issuing notifications. DATES FOR PAYMENT OF TAX : FOR COMPANIES: 5TH OF EVERY SUCCEEDING MONTH.HOWEVER, FOR SERVICE TAX OF MARCH THE DUE DATE IS 31 MARCH. FOR ALL OTHER ASSESSEES THE DATES ARE AS FOLLOWS SERVICE TAX OF SERVICES OF: April to June . DUE DATE:5th July July to September: DUE DATE: 5th October October to December: DUE DATE- 5th January January to March: DUE DATE IS 31st March If e-Payment is done then effective due date will be 6th of the succeeding month/quarter. Rate of interest for late payment 13% p.a. Period of Interest: Number of days Between Actual Date of payment and Due Date
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